Bitcoin Forum

What are you guys predicting will happen before/after the next fork?

I just think that everything is going to be normal after the fork, a lot of people are going to dump their new forked coins, and the price of it will go down in a few days, just exactly like it happened with bitcoin cash on the first days. But probably there would not be anything new with it, the market will remain volatile as always, so i dont expect much from this fork.

If the rumors of upcoming forks are actually true I'd be surprised. Two months ago was the Bitcoin Cash fork and apparently you can tell most of the people are still in favor of the original Bitcoin.

So I guess any upcoming forks would just go through the same path that BCH went through. COMPLETE FAILURE.
At least bitcoin cash has a community and a lot of people actually support it and believe that it's the solution to all bitcoin trouble.

But that new fork (whatever name they're gonna to it) what new does it have to offer ? Just a plain copy and paste won't go anywhere. Not even 1% close to BCH. So let them test and play but they'll eventually find out that they're wasting everyone's time.

Are you talking about the Bitcoin Gold fork? Because I agree that nothing will happens, and the coin will be just another shitcoin.

The real problem is S2X, which has a lot of support from major services and miners. Imagine trying to buy something with BTC by using Bitpay gateway and having to send them your coins from the S2X chain, or your coins from the legacy chain because they have no replay protection... I'm pretty sure lot of people will lose money.

i\I am in favor of these fork or upgrade with the bitcoin or any coin as long as the important features are safeguarded and it could improve the system. This is necessary to cope up with the current situation and to adjust with the demands.

This is maybe a stupid question - but this more recent fork seems like it came up out of nowhere pretty suddenly, and I follow the crypto news decently closely. From a technical standpoint, is it possible to make a fork happen pretty much at any point?

Well Bitcoin Gold fork is a complete joke it will just like other shitcoins make the internet full of trash. the real threat to the bitcoin network is the segwit2x hard fork why because the segwit2x has no protection against replay attacks which BCH setup before the hardfork  and it may cause the holders losing a lot of money. if 2x doesn't want to include replay protection, then the core must do something to protect the users getting losing their money because of replay attack.

The gold fork was actually trying to beat out the second larger fork. It's been disclosed on various sites and videos confirming why it suddenly appeared. as compared with the other more serious fork afterwards. Frankly we really should be pushing people to stay put for a while because more and more folks are adopting bitcoin these days.

Although there many possibilities that can happen when the Bitcoin is undergoing the fork, I think the same thing would happen with BTG as it happened with BCH. People would buy BTC and hold it to get free BTG and then will sell BTG to increase their BTC capital.
People wait for opportunities like these where one gets the chance to increase their capital.

Before fork = People will keep on buying bitcoin and price can easily go over ATH.
After fork = People will sell bitcoin and bitcoin gold for profit, price can go below $4k again.

I am holding my bitcoin in paper wallet for fork and bought few more at around $4k, waiting for good pump to sell those.

Crazy thing is that instead of dropping, price is going up with people anticipate getting 'free' coins...

I thought airdrops were a no go this time...

Anyways, what was the initial value of BCH? And what do you think will be for BTG?

I'm ok with the fork as long as it will solve the current situation we are in like higher fee and slow transactions but majority of the stakes holders should be on it so it will go up fine and ok and it will be adopted by everyone.

Like after the previous one, the price may go up after this too. Maybe above 5K $.
Would be interesting to see though what does BTG brings to the table, what issues does it actually resolves.

Bitcoin reched again 4300$+.But i donot understand why bitcoin hit 4500$+?.IF bitcoin hit 4500$+ this week .i hope bitcoin break all previous record.Bitcoin will 5500$+ after next fork so Its time hold bitcoin.Bitcoin price now 4100-4300 so buy bitcoin and hold for this year.

The scenario would be just like the recent fork. There will be free money, bitcoin will fall a bit and rise again. Newbie could be a victim and sell their bitcoin, then realize it will rise again and buy on higher price.

i was expecting a big fall in price these days that the FUD started and was expecting it to continue for a couple of weeks until the signalling for Segwit2x starts. but it seems like the fall was tiny $200 only, and price have already recovered. the closer we get i don't expect much of price fall.

as for fork itself i think it is too soon to tell what will happen with it.

That is the differ between a common man and a trader: the first buy at the hight because the coin grows well, but the trader buy at the bottom because it didn't grow yet.

Same thing that happened before. Most people that will receive the airdrop would immediately sell their coins, some will hold and wait and hope that the price will increase. Miners will keep switching between coins again, that would result in higher fees and slower transactions.

I will just keep 1 Bitcoin Gold . Is  a mistery to me if 2x will work or not, so I didn't decided whjat i will do in 45 days yet.

Like what happened two months ago in Bitcoin Cash was born, many people are in favor to the first crypto which is bitcoin, many will dump there coin and still vote to Bitcoin, I cant say that Bitcoin cash is a complete failure or quietly successful as there are still many people trade BCC in exchange. This new Bitcoin Gold are fairly the same but if there is a new tech on it lets give it a shot so we can find out what its potential. Every coin is made for innovation .

The Fork will decrease the price. People will freak out, because Bitcoin could potentially lose all its value. I don't think it will so I will continue to hold. I don't really understand the purpose of raising the blocksize to 2MB.

When is this fork happening? I thought it was happening in November and not October. When is it?

Many people could easily come to the conclusion that the second hard fork would also be a failure as the previous hard fork in august 1.But what should be concerned about this fork is that majority of miners who had signed the New York Agreement have agreed to activate segwit 2x by doing second hard fork and this time,many big companies are also supporting it.So,we would have to just wait and watch that whether bitcoin with legacy chain succeeds or this hard forked bitcoin with segwit 2x.

Every time a fork happens a small group of people splinter off from the original coin. The Bitcoin Cash crowd took a very small portion of the bigger cake, because the money invested in Bitcoin cash, could have gone to Bitcoin Core. Now we have a new fork, where a small group will once again invest their money into a new coin. In my opinion it is stupid and only a strategy to divide the bigger community. In time more forks will happen and every time a small group will once again break away and invest in these shitty Alt coins.

On the positive side. people just wait for their free coins and then they sell it to buy bitcoins. <legacy coin> So this cancel the money being invested in these forks. We take the money from the stupid and we invest it in Bitcoin original. ^smile^

I read someone saying that the other coin that will be resulted of the incoming fork is named 'Bitcoin Gold' and he already explained what to do in able to get it and the precautions of what to be done.

I am open minded with this incoming Segwitx2 as it is for the better good of Bitcoin itself and not for a single purpose only, Bitcoin needs an upgrade it just happen that a possibility of forks will may occur, let those weak people sell off their coins and naysayers say what they want to get the price of Bitcoin falls down but I really trust the potential of Bitcoin.

Exactly, and if you think about it, that means that Bitcoin is losing a massive amount of potential investment because of it. In a sense, any viable fork or altcoin can take away from Bitcoin's market share in this way. That's not to say that this money won't eventually be put into Bitcoin, but who knows?

Bitcoin Cash is a Top 5 coin; that takes a lot of money to prop up. Especially when you consider the hyperinflation that results from the Emergency Difficulty Algorithm -- it's sucking up a lot of the market's investment money. Long term, I see big problems for Bitcoin Cash because of the EDA. But we won't see this reflected in the market overnight.

There are two forks scheduled in next two months.

First is Bitcoin Gold(BTG) on October 25, creating another version of bitcoin in the process which will be GPU mine able. But there is currently no testnet which miners could use to test out the new protocol. There are just hushing and I doubt that they will be able to execute hardfork effectively by oct 25. But if happens it will have same or rather less severe effect as earlier Bitcoin Cash fork. Price might not drop much, but a drop will be there.

For the 2x hardfork, things are a bit more tricky. It yet do not have significant support, there is air of uncertainty surrounding 2x hardfork. Picture will get more clear with time.

But in both the cases, price will recover after the fork if there is any dip before it.

It will all be a repetition of what happen when the first fork occurred. People will be buying and stockpiling bitcoin these few weeks. Then they will obtain their new altcoin and then it will be dumped along with some extra bitcoin leading to a fall in the market prices of bitcoin and the new fork of bitcoin. This seems to be the trend now. People are making cash by using these forks as methods to get free lunch. Gone are the days when people used to work hard to earn bitcoin and spend it.

I think there is no reason for us to panic for the next fork because i just read an article and it says that it is more on airdrop rather than chain split so i think it will be a good thing for the people who got bitcoin because they will get bitcoin gold too. It is a free money again and i think that we should just buy bitcoin now for long term so we can get benefits like getting some good coins like bitcoin gold in the next fork.

I am perceiving that as we approach the said fork, we will experience a bumpy ride. We will encounter some dumps and panic selling. We might see Bitcoin again in the 3000 dollar range, maybe even less. After the fork, we have to expect another all time high to be reached. Though there will be a resistance, Bitcoin will definitely reach 5000 USD before the year ends.

About the price? There's no prediction that's coming to my mind but it's just a the same thing that was happened with the bitcoin cash hard fork.

I'm expecting that we will be reaching another ATH. And like what's happening now the price is increasing so that those buyers can have the bitcoin gold before the fork.

1 week before the hard fork possible that we will able to see the price reaching $4,800. And after this bitcoin gold fork, we have to wait for the real test of bitcoin on November.

the market will return to normal, the price will be stable again, for now maybe the new fork will slightly affect the market price, but a few days later the price will stabilize again

I think the same thing will just happen just like the August fork. There will be people who will get scared and sell their bitcoins and worse do panic selling which will cause bitcoins price to go down. But after that bitcoin's price will increase again and hopefully reach new heights.

hello
maybe this time the price will not go down before the fork because people will change all the alts they have to btc to benefit from it and also will buy before the fork.
before bcc in august we did not know how btc will react and price droped to 2000 but today i think it is different

There are two themes here that worry me.

Everyone seems to think that this is a "free lunch" -- hard forked coins are just airdropped on us and we can all make money out of thin air. The problem is that in order for this to be true, there needs to be bid-side demand for us to dump into. If Segwit2x is even worth dumping, that suggests there is demand to make it a viable chain. There is even a possibility that demand for it could overtake that of the legacy chain, if 90% of the hash power really forks. I know, I know, hash power shouldn't matter. But I think fear of being on the weaker chain is real, and not to be underestimated.

Also, everyone seems to think that because Bitcoin Cash was launched during a bullish cycle, that this bullish cycle will be repeated just because of the Segwit2x fork. Not only does the past not predict the future, but the market was in a very different place in July. It's not pragmatic to ignore all other market variables.

Anyway, when everyone agrees on what the market will do, the opposite usually happens.....

I really think it can still drop significantly because we could never know if there would users that needs to convert or sell their bitcoin because they will need Fiat for their needs or there would still a number of people that are still panicking because of this Hard Fork or the not unfamiliarized with this kind of event or newbies that didn't know what happen to the recent Hard Fork.

In my opinion, this coming fork if there is really one for the bitcoin gold, same thing will happen. It is just like normal days, bitcoin will still be bitcoin. Bitcoin's price may dip that i tink is because of some people who are going to panic selling but give it a few weeks price will come back up. Few months after price will be back at 5k as more people still patronize bitcoin than the other coins and because of this more and more will jump aboard. So by the end of the year i think price will reach 6-7k if not then it will be sometime february or march. Hopefully it breaks through 5k then we will see a major boost.

Everyone seems to be worried about the Bitcoin price, when they should rather be worried about the hashing power that are

re-directed to the mining of these forks. If this goes on and we have several of these forks, the total hashing power will

decline faster than it is added, because it is split up into smaller forks. People will not jump between the chains, but rather

dedicate miners to mine these coins, because the difficulty will be low and it will be profitable. If you want to worry about

something, worry about the impact it will have on mining.  >:(

the price of bitcoin should high before the fork, cause there's alot of people want to get a free coin from bitcoin. Even the price are dump a little,

It should made a big buy wall before 25 october. I thought they dont want to lose other free money just like bitcoin cash fork. but let see, what's

happen before and after the segwit2x hardfork.

Well it's a tricky situation for all, every time a fork comes it creates panic and excitement. Panic cause how will it effect the Bitcoin network, I feel Bitcoin might just go down a little but this time it could even be stronger than it was before. Then I feel many could be excited to cause like last time they would be able to claim free Bitcoins. That's why every one is seeing this good, but I don't like fork and I do hope Bitcoin doesn't get much effected.

hard fork this coming november are the new trial for bitcoin cryptocurrency i think last hard fork august 1 are people nave lesson from the fork split decision people panicking due to bitcoin goes falling down i believe bitcoin strongest than other and stand in his on foot until the end of decision in the incoming fork in november.

so far it only seems to me that people like to talk about the fork rather than the fork really have any effect on anything. and at some point it won't be able to have any effect at all.
this i believe is mainly because of the fact that we already had a huge decline in price which lead to this recovery and a strong resistance on the way down which is in fact pushing the price up at this moment.

I think bitcoin price will dump again, just like what happen the last time fork, but we all don't know the exact date and time, but for sure it will dump again, but I think it will still recover, and I don't know if it will recover as fast just like the last time hard fork, maybe it will hard for the next time to rise again.  ???

The problem of this fork is that the possibility to create another criptocurrency is too too high. Bitcoin is not a democracy. Everyone runs the code they want to run. Someone else running an incompatible version of the protocol is not a "corporate takeover". You can just run the code you want to run. if bitcoin isn't resilient to people running incompatible versions of the protocol, no amount of social pressure will keep it secure.

I don't think there will be any big dump or correction on price this time as hype for forked coin is almost zero and people have already seen hard fork on august, they are being optimistic about outcome from fork rather than being fearful.

I assume that BTC price will fall after the fork because the people will go back to their recent altcoins (assuming that they only moved to / bought bitcoins to get free btcgold); Anyway, the price fall won't be permanent because late adapters will most likely buy bitcoins in the dip. Geez, it's hard to tell huh. ha ha ha. But one thing is kinda certain to happen, people will sell bitcoin gold to get more bitcoins.

Not sure if you are referring to Bitcoin gold (soft fork) or Segwitx2 (hard fork). Segwitx2 posses a very real threat since it does not aim to serve as an alternate coin. Segwitx2 is going to call themselves Bitcoin as well, would be a bloody fight in my opinion if the fork come to pass. Market movement probably will be an upward trend all the way until either Segwitx2 fork happens or not.

I think that the technology of smart contracts will develop.